The solution for credit insurance
Functional benefits
- Easy switch from outdated legacy systems
- Digital access for customers and brokers in a web portal
- Fully automated credit limit decisions
- Risk and policy underwriting in one system
- Smart management reporting dashboards
- Change of workflows without programming
- Workflow management with automatically generated KPIs
- Regulatory and compliance reporting
- Group reporting intergration
Partner management
- Structured mapping of all partners involved (insurance customer, co-insured parties, broker, risk …)
- Administration in partner files which, for all partner roles, provide a dedicated view of the business relationship
- Modeling of structures such as groups and joint ventures
- Ensuring master data quality through clear identification and integration of external service providers
- Interfaces to connect existing partner management systems
Workflow management
- Representation of your processes and work instructions in the system
- Ensuring the complete and comprehensive performance of processes
- Transparency and comprehensibility of processes
- Increase in efficiency and quality through standardization
- Provision of KPIs (e.g. throughput speeds, progress of processes) as a basis for optimization
Risk management
- Identification of partners/risks
- Creditworthiness check and limit allocation
- External information sources
- Compilation and evaluation of financial reports
- Limit management and automated limit allocation (aggregation of limit and exposure according to company group structures)
- Compliance and KYC (Financial Services Act notifications, AnaCredit, money-laundering, Anti-terror lists, embargo lists etc.)
Policy administration
- Comprehensive documentation and administration of policies (classic, top-up, XoL, single risk)
- Approval processes (e.g. 4 eyes principle)Creation of policy documents using templates
- Invoicing of premiums and fees (including accounting of commissions for brokers and other participants) as well as the creation of the relevant documents
- Process control using workflow management (event and time-controlled trigger)
Portal
- Dedicated access for insurance customers and brokers – more turnover, more transparency and more customer satisfaction
- Support for your digitalization strategy – enabling digital end-to-end processes
- The most modern web technologies for the best customer experience
Reporting
- Standard reports
- Report editor
- Scheduler
Contact us
Get in touch with us and tell us about your challenges. Together we will find the best solution. We are looking forward to your inquiry.
info@prof-schumann.de +49 (0) 551 383 15-0